Insider Buying: Hornbeck Offshore Services Director Buys 5,500 Shares of Stock (HOS)
Hornbeck Offshore Services (NYSE:HOS) Director Larry D. Hornbeck acquired 5,500 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of $38.25 per share, with a total value of $210,375.00. Following the purchase, the director now directly owns 198,219 shares of the company’s stock, valued at approximately $7,581,877. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Hornbeck Offshore Services (NYSE:HOS) traded up 2.13% on Thursday, hitting $39.065. The stock had a trading volume of 820,116 shares. Hornbeck Offshore Services has a 1-year low of $37.44 and a 1-year high of $59.93. The stock has a 50-day moving average of $39.89 and a 200-day moving average of $45.49. The company has a market cap of $1.410 billion and a P/E ratio of 11.96.
Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.31 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.47 by $0.16. The company had revenue of $136.60 million for the quarter, compared to the consensus estimate of $150.62 million. On average, analysts predict that Hornbeck Offshore Services will post $2.82 earnings per share for the current fiscal year.
HOS has been the subject of a number of recent research reports. Analysts at Wunderlich upgraded shares of Hornbeck Offshore Services from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $55.00 price target on the stock, up previously from $47.00. Separately, analysts at Global Hunter Securities cut their price target on shares of Hornbeck Offshore Services from $53.00 to $52.00 in a research note on Monday. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Hornbeck Offshore Services from $67.00 to $48.00 in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Hornbeck Offshore Services presently has an average rating of “Hold” and an average price target of $56.82.
Hornbeck Offshore Services, Inc, is a provider of marine transportation services to exploration and production, oilfield service, offshore construction and United States military customers.
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